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to the board. the plan may incorporate managerial changes. bank of america is said to be carrying out a similar review internally. citigroup tells cnbc it had no comment on the record. >> not surprising. an upside consultant to -- >> to come in and see? >> we're good, right? >> bring them in. we'll ignore everything. >> bring them on. don't ever say -- bring them on or mission accomplished, please, don't say that. >> tell is the deadline for those companies with outstanding t.a.r.p. loan toes submit executive pay xankz compensation plans to ken feinberg. trader andrew hall, his $100 million contract with citi has been in the headlines a lot lately. now hall's contract may not be subject to pay czar's oversight because it was signed before february 11th. but another source says feinberg still has plenty of flexibility, using his authority on a case-by-case basis. that's the big question, will he get his money? will that unit stick around at citigroup and -- >> or is he grandfathered in? >> but if he doesn't stick around at citigroup, it's a big question, too. this guy is a big rainmaker. >> did
online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. some people like to pretend... a flood could never happen to them... and that their homeowners insurance... protects them. it doesn't. stop pretending. it can happen to you. protect your home with flood insurance. call the number on your screen... for your free brochure. >>> welcome back, everyone. are you on your way to the airport this morning? if so, listen up. scott williams with the weather channel is back and he joins us right now. good morning, scott. >> good morning, becky. if you are on your way to the airports around the midwest, case in point around the ord airport in the windy city, we are seeing thunderstorm activity moving through, around indianapolis back down through lieyville, all through the midwest here, this activity will continue pushing toward th
are in the fdic's gun? and the president and ceo of the independent community bankers of america at 7:15 a.m. >> dick bove expects the fdic to levy special assessments to shore up investment funds. >> dow jones sounding out potential buyers for its stock market business, which includes the most recognizable index, the dow jones industrial average. they said the process is in the early stages and could lead to a jv or nothing at all. one contender could be smci. the index business could be worth $700 million if you take the revenues others have traded for. all part of murdoch's news empire. losses haven't been so great. he's written down most of the purchase price for dow jones. >> whoever buys it has the right on rename the dow jones. >> that would be something if they renamed it something else. or if they decided it's so  ingrained in people's minds. >> we had one of the best lines when e.f. hutton talks, people listen. the company has been going for 20 years. >> the market rally. look at some of the events this week that may move the markets. $100 billion in treasury auctions. on the ec
in the quarter. so we had good strength from japan, a high margin market, good strength in north america, good strength from their products that are high margin. so when you look at the sequential comparison, you see a step down with i think that is going to make people nervous. that's simply one of the things that we think we'll focus on to say, okay, hey, we're not into a complete recovery, but the preponderance of the evidence says that things are better. >> and the stock right now, would you say that it's reasonable? what kind of multiple do you assign it? $127 billion company, what is $600 billion a couple of years ago? >> a lot of things were a lot higher that know back then, for sure. the metric that we're focused on is the ebter surprise value, cash medicine ragz, metrics. we stell have a little bit to the up side on the stk on the current assumption. >> thank you, simon. the old auto dealer would look is that and say -- oh, why is he on squawk on the street? >> out west, it's -- >> well, john chambers will be on squawk on the street today at 9:00 a.m. eastern. he comes on our show qui
turbo charged by temporary and reversible factors and america inc has managed to beat expectations on the whole because of cost cutting, laying off and now we've got to the stage we've got to the real nitty-gritty, right? >> right. you have to get down to something that they can sink their teeth into and the political agenda is going to stay hot. so, you know, the dollar, the budget deficit, the things that people are talking about now, the point that i would make today is whatever is going to happen hasn't happened yet. and so these are the big stories to get out of this. >> like what? what could happen that is potentially worrying for the market? >> well, i think so far structural moving the dollar down has been viewed as bullish. when it starts to be combined about big talk with budget deficits, there's that magic time in the market where it's no longer a good thing. and no one can call that. only the market weighs in on that. and i think that the other thing, if you go back to the first bush administration, that's to show my age, the bond market demanded that he rescind his tax
to keep them in check. >> bank of america's merrill lynch unit is offering signing packages gator than those handed out in the bull market of 2006 and 2007. merrill is trying to replace financial advisers who left in the last year. and that's one of the questions, if you get to get the right people in twlb do you have to pay? >> clunker rebates to factory orders as dealers complained. the automotive news says the decision came from the national highway traffic safety administration. the dealers have only received payments for 2% of the vouchers drop request. that doesn't seem like it's timely. many dealers have been rejected from the program after applying for reasons due to red tape. so there's red tape. >> and you have to write on both sides, cash for clunkers and apparently sometimes they're writing it on one side. and the dealers are saying, wait a second, we put out the money, we're losing the cars, when are you going to pay us? >>> boeing reportedly ordered halting at a fuel plant in italy. a report on an industry website cites a letter by boeing officials telling employees to st
of allocating capital at mid-america and on the regulated utilities side. and has done a pretty good job. i think it will be interesting to see how that works out. but i think berkshire shareholders, if sokol happens to get the nod, should feel very confident that he's certainly no warren, but he's a very good operator. he'd do a fine yob on the operating side, if that were to be the case. >> thank you jor joining us today. we appreciate your time. >> certainly. >> if you have any comment or questions about anything you see on "squawk" today, e-mail us at >>> when we return, we're going to talk about what some of the big-e names in the hedge fund world are saying about the market rally right now. michael steinhardt of business dom stree, and our guest host today, leon cooperman. stay right here. taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. thththththththththththththththts concierge claim centers. so i can just drop off my car and you'll take care of everything? yep, even the rental. what if i'm stu
call today. and not so fast, the judge refusing to rubber stamp that settlement between bank of america and the s.e.c. on merrill bonuses as squawk begins right now. >>> good morning, everybody. welcome to "squawk box" right here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. the economy is front and center today. the federal reserve starts a two-day policy meeting. the central bank is widely expected to leave its key target lending rate near zero. but market watchers will look for signals on the fed's other programs. at 7:30, we'll get the nifb aechgs small business survey. we'll get the findings live, complete with william did you thinkelberg's findings. 90 minutes later, we'll get the wholesale trade numbers. we'll see exactly how much employers were ringing out of their employees to try and make sure they made some of these profit numbers we saw when we got the earnings. >> the anchors in addition to earnings central, right, joe? >> i don't know how you want to call it -- >> work harder, cracking the whip. >> we're okay with that for a while. we're back to norm
nissan provided chrysler with a small vehicle for south america. >> apple is getting ready to sell the iphone in china. the gadgets aren't officially available there, though they can be bought from vendors in shopping malls. china is the world's largest mobile market by subscribers and, of course, still growing. elsewhere in the space, microsovts is cutting the price of its xbox 360 by $100. that puts the estimated retail price in the u.s. at $300. last week, sony reduced its price of the play station3 by $100, as well. >> obviously, there's not a ton happening if you look at the headlines we're leading with, but who would have thought, jim, you get 400 straight points on the dow at a time where volume is thin and a lot of people are on vacation, right? >> yes. >> spreesing? >> yeah, i think it is. i'd like to see more volume show up here. it seems like we've had this whole rally off the lows in march, more about people that quit selling. i think we're going to hit a time when the buyer res going to come in and that could be the next leg of this thing. but that makes it suspect yet, a li
to america's heartland. senator grassley's push to improve iowa's business relationship with over 60 countries. a chance for diplomats to grow relationships and maybe even strike a deal as "squawk box" begins right now. ♪ >>> good tuesday morning, welcome back to "squawk" here on cnbc. i'm carl quintanilla along with joe kernen and becky quick. in studio, byron, incoming chairman of black stone advisory services. a lot to talk with byron about. it's good have you back. >> good to be here. >> we'll get a check on the market. if you're waking up and wondering if yesterday is as bloody as yesterday was, not as bad. futures are up. asia had a reasonably good day overnight. german consumer confidence bouncing a little bit. so, the pain yesterday? >> going to be undone to a degree this morning. >> typical of the pullbacks we've seen recently. one day. remember, about two weeks ago we had one. we were like, you houh-ho and t went right back. one day it will be the beginning of a ten or 15 percenter. you -- is that metal? >> yeah. >> sit down. go ahead. >> 15% down. what do you think, byro
at hand? america's health care crisis. the witness list. senators alexander, bigaman, conrad, reid, hitchinson. charmss quick, quintny ya and kernen will open the session. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. announcer: some people buy a car based on the deal they get. others buy the car of their dreams. during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 is 250. i just want fewer pills and relief that lasts all day. take 2 extra strength tylenol every 4 to 6 hours?!? taking 8 pills a day... and if i take it for 10 days -- that's 80 pills. just 2 aleve can last all day. perfect. choose aleve and you can be taking four times... fewer pills than extra strength tyleno
at upgrades and downgrades this morning. allstate, bank of america merrill lynch upgrading it to buy. they think oou you'd bet in good hands if you were to buy this stock. they didn't really say that. but -- >> dennis. >> yeah. what gets me is that there's a guy that sounds like him that they don't show his pictures on a lot of commercials and you think it's dennis hazesberg and it's not him but i see him and it's like you're stealing this guy's sdingive voice to shell your product which is not allstate. >> i have not seen that ad. >> yeah, well, it's on. the price objective, no longer 3 32, they think eye going to 3. it's on the radio, too, carl, where you wouldn't be able to see dennis talking. i think it's select quote i think is the name. >> oh, really? >> yes. check it out. >> have you ever thought about doing -- >> voiceovers? are we allowed? >> finally, added to the conviction buy list. >> busy morning coming up, we'll get top stories after the break. plus, the picture from the futures pits when this fed day continues on "squawk box." if you're taking 8 extra-strength tylenol.
of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> welcome back, everybody. if you are on your way to the airport this morning or on your way to the beach, listen up. scott williams of the weather channel is back with us this morning. what can we expect? >> good morning, becky. first of all, let's talk about hurricane bill. it still remains at a category three status there as it continues to make a beeline towards the north and the west at about 17 miles an hour. maximum sustained winds are at 120 miles an hour. a right heavy storm here. the eye wall not looking as symmetric as it was earlier and some dryer air on the eastern side of the system. so where will bill go? as we go in time here, it will continue moving toward the north and west and eventually more toward the north. as a trough digs southward over the lower 48, that will help to build back out int
, well, it wouldn't be so bad if this breadwinner brought home a little more bread. repower america. i hope our senators are listening. some people like to pretend... a flood could never happen to them... and that their homeowners insurance... protects them. it doesn't. stop pretending. it can happen to you. protect your home with flood insurance. call the number on your screen... for your free brochure. ♪ ♪ here comes the weekend >> not quite the weekend yet, but we're getting awfully close. good morning, welcome back to squawk here on cnbc. i'm becky quiom carl quintanill mandy drury. i think becky gets back on monday and will be here with you and steve leisman, which will be interesting. >> yeah. good show for monday, actually. our newest host today, pimco's high proef file ticket, coming back to his hometown of new york. and also a frequent face to cnbc viewers, jim iuorio. shares of dell had earnings of 28 cents, a nickel better than expected. revenue was down 22%, but still beat the streets. consumers are coming back, buying pcs, but corporations are still being stingy with t
all of the stage work that the politicians put in place to do something which we in america called call cya. >> that will be real -- >> i mean, i just have to tell you, there's this great country western song, "that don't impress me much." politician running around looking busy generally cost taxpayers billions of dollars and bernanke swung right into the middle of this thing and he fit right in. do you think it was against his choice, though? >> that's a good question. and on dick's points, does he per son phi the expansionary nature of the fed, the one that's under fire right now? >> i guess alan greenspan is going to keep that title. but you know, i was part of that, too, and i'm not as critical of that expansionary and easy money as most people seem to be these days. i remember that we had an early recovery from the 2001 recession that put the peak or the trough at november of 200 1. we only had two or three months of growing employment and then we started getting this jobless recovery and the economy weakened. we were about to go into a double dip. we had disinflation that the
as everything else? at bank of america, it practically does. use the bankamericard power rewards visa credit card and earn rewards like cash back with every purchase. cash you can put into savings. or even use to help pay down your credit card balance. it's one of the many ways we make saving money in tough times a whole lot easier. >>> welcome back. the ft is reporting u.s. regulators apparently pressured citigroup to oust former cfo ned kelly. fed, fdic and office of currency are expected to have urged the bank to nicks him before kelly's departure. back to health care, i'm going to go, carl, just so i'll encounter less resistance. i'm going to go to the "new york times." >> oh, good. >> the paper of record. >> so the op-ed pages from the "new york times" because there's a quick piece down at the bottom that crystallized something that i've been thinking about and it's sort of irritating me and it's called keep off the astroturf. and it that a lot of these things happening are not really grassroots, they are manufactured, astroturf. the gentleman's point health care, it's split down the mi
and said when you start seeing companies pull back sublease space that's a positive sign. bank of america, 5,000 feet from a space they sublease in midtown. we're seeing things in a positive way, also seeing diversification the mayor talked about more. imclone signed a new lease in the science park., we're seeing downtown school construction authority took 125,000 feet, a new school, claremont school took space. that's positive. commercial market in terms of debt market is a very serious -- >> let's talk about the numbers you put out earlier. $2 trillion over seven years, $280 billion a year. is that lumpy, or is it $300 billion a year regularly and what's the ability of the financial sector to roll that debt over? >> it goes up, probably peaks in 2017 because you've got to go back to 2005, 2006, 2007, when 90% loans were being made. that's when the problem is, liquidity too easy we'll pay for it down the road. >> hold on. how excited can i be about something that comes a problem seven years later. >> there are loans coming due this year, next year, a couple hundred billion this year, 2
-existing condition" become a thing of the past... we're america's health insurance companies. supporting bipartisan reform that congress can build on. upbeat rock ♪ so i could hear myself myseas a ringtone ♪hone ♪ ♪ who knew the store would go and check my credit score ♪ ♪ now all they let me have is this dinosaur ♪ ♪ hello hello hello can anybody hear me? ♪ ♪ i know i know i know i shoulda gone to ♪ ♪ free credit report dot com! ♪ that's where i shoulda gone! coulda got my knowledge on! ♪ ♪ vo: free credit score and report with enrollment in triple advantage. g# >>> all right. if you are just waking up, the futures are seeing significant selling pressure. the dow futures are 150 points below fair value. it kicked off with the selling that began in asia overnight. perhaps keying off of what we saw here in the united states on friday. but in any event, you are seeing some significant pressure. the s&p futures are down by about 17 points below fair value. the dow futures down by 150 points. and the nasdaq under quite a bit of pressure too, down just under 24 points belo
account grow because keep the change from bank of america rounds up every debit card purchase to the next dollar and transfers the difference from your checking to savings account. it's one of the many ways we make saving money in tough times a whole lot easier. >>> the sun is rising on a pivotal day for the markets. ♪ it's the final countdown >> "squawk box" has the final countdown to the july jobs report. 30 of the nation's top economists, money managers and business leaders are waiting for the data in the middle of the woods. senior economics reporter steve liesman has gone forecasting at leen's lodge in grand stream, maine. hook, line and sinker, "squawk box" begins right now. >> good morning, everyone. welcome back to "squawk box" here on cnbc. i'm becky quick, along with joe kernen and carl quintanilla. the july jobs report, it is now just about 90 minutes away. forecasters are predicting the economy lost another 275,000 jobs last month. the unemployment rate is seen rising to 9.7%. average hourly earnings are expected to tick higher by 0.1%. in advance of the jobs report presiden
of the world, what's the deal with kim jong-ii? it's kim jong il. >> every paper in america, there's a picture of him and president clinton. >> and nobody is smiling. it's like this is serious stuff. >> we have to be here. you requested me, i'm here to get back our two journalists. >> but we're mad at them for the -- >> this creates a lot of confusion. by asking for president clinton, you're requesting asking for someone that has a tight link to secretary of state hillary clinton who has an existing tie to the obama add mip administration. >> but he was not sent as an emissary -- >> it's amazing how they crave someone to come and can it kiss the ring, so to speak. >> and it started out with the two hostages asking for this through the negotiations saying to their families on phone calls, we think it would be a good idea if president clinton tried to negotiate our release. >> the last person there was allbright, right? >> 2000. >> although president clinton had thought about going to meet kim jong il. >> the journal reports there's still 1,000 political hostages being held and 23 million other
america, particularly those who have already gone into the dealerships and purchased an automobile. >> take a look at shares of ford, which have been rocketing over the last month. thanks in part to better than expected reporting of earnings or a lower than expected loss in the second quarter in july. speak of ford, we'll hear from ford sales chief george pipas. ford reports july sales at 11:00. we'll hear from george pipas at 11:10. when you talk with george and ask him the question s this the beginning of a sustainable build in momentum for auto sales? there's some optimism there. in the past you'd talk to him and he'd say, we're really not sure. they're really starting to see the sustained sales building. in other words, we will likely see more people coming into showrooms as the economy improves. they're already noticing it at ford and some other automakers as well.l. don't miss that first on cnbc coming up at 11:10. >> phil, if you talk to these -- there you go. there's your music for you. if you talk to these guys and d the auto dealers and you assume that -- >> he can't help
Search Results 0 to 20 of about 21